802/18 Ogilvie Road, Mount Pleasant WA 6153

802/18 Ogilvie Road, Mount Pleasant WA 6153
New premium tower apartment | 2 bed 2 bath 1 car | River-adjacent high-rise living | Applecross school catchment | Flood overlay noted This unit sits in a newly completed 19-storey tower, which is genuinely rare for Mount Pleasant. Most apartment stock in the suburb is older, lower-density walk-ups or modest low-rise blocks, so a 2025 build with resort-style amenities and high-spec finishes stands apart. The configuration suits downsizers wanting to lock in low-maintenance living near the river, or professional couples who value the Canning Bridge transport node and quick CBD access. The Applecross Senior High School catchment adds meaningful appeal for buyers who want to stay connected to established schools without maintaining a house and garden. For the right owner, this is a lock-and-leave proposition with a strong lifestyle component, and the scarcity of new premium product in this pocket supports its position above typical suburb pricing. The flood overlay on the parent site is worth weighing carefully, as it may affect insurance costs and could temper some buyer enthusiasm. The property’s value might also be influenced by its floor level and aspect, which are not confirmed, since views across the Canning and Swan Rivers can materially differentiate units within the same tower. Rental demand appears solid given the transport proximity and premium finishes, but yield expectations should be realistic for a property at this price point. Buyers should also consider the density of the immediate corridor, which trades privacy and land amenity for convenience and new-build quality. || Comparable Sales: 1802/18 Ogilvie Road sold April 2023 for $2.715M; 1701/18 Ogilvie Road sold early 2025 | Property Price Band: $1.5M–$1.6M | Value Drivers: floor level and aspect, new-build condition, Applecross school catchment
Detailed Independent Property Report prepared  by PropCred Analyst team for 802/18 Ogilvie Road, Mount Pleasant WA 6153
Checks found:
Value Risk ✓
Liquidity Risk ! 1
Planning Risk ✓
Income Risk ! 1
Execution Risk ✓
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Market Insight

Mount Pleasant remains a tightly held Perth suburb with a median house price of $2,210,000 after 26.3% annual growth, while units surged 40.6% to $1,135,000. The median days on market for houses is 19, reflecting acute demand from professionals attracted by capital growth, quality schooling and transport access. Rents support the market: houses at $920 weekly, units at $760 with a 4.6% gross yield. Sales volumes vary between 64 and 146 annually, indicating moderate turnover. Future growth hinges on infrastructure and sustained demand from high-income buyers, but elevated price points constrain affordability, leaving the market sensitive to interest rate shifts. Supply remains moderate, a factor that could temper activity.
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PropCred Estimated Value

Comparable Sales: 1802/18 Ogilvie Road sold April 2023 for $2.715M; 1701/18 Ogilvie Road sold early 2025 | Property Price Band: $1.5M–$1.6M | Value Drivers: floor level and aspect, new-build condition, Applecross school catchment

Bedrooms

2

Bathroom

2

Parking

2

Land

173m²

Research & Review Prepared by Steve Dalton, Senior Analyst · Reviewed by Matt Proctor, Principal Analyst
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